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BP (LON:BP) Stock Price Passes Above 50 Day Moving Average - Here's Why

BP logo with Energy background

BP p.l.c. (LON:BP - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 368.46 ($4.97) and traded as high as GBX 384.55 ($5.19). BP shares last traded at GBX 383.70 ($5.17), with a volume of 25,759,591 shares.

BP Stock Up 3.4%

The business has a fifty day simple moving average of GBX 369.92 and a 200 day simple moving average of GBX 396.37. The firm has a market cap of £78.25 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 105.65, a current ratio of 1.22 and a quick ratio of 0.62.

Insider Buying and Selling

In related news, insider Hina Nagarajan purchased 5,000 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was acquired at an average cost of GBX 348 ($4.69) per share, for a total transaction of £17,400 ($23,465.95). Also, insider Murray Auchincloss sold 336,621 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of GBX 359 ($4.84), for a total value of £1,208,469.39 ($1,629,763.17). Insiders have acquired 5,214 shares of company stock valued at $1,820,903 in the last three months. Insiders own 0.26% of the company's stock.

About BP

(Get Free Report)

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.

Further Reading

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